BancorpSouth, Inc. (BXS) Shares Sold by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. lessened its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 0.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 332,899 shares of the bank’s stock after selling 1,484 shares during the period. Kennedy Capital Management Inc. owned about 0.37% of BancorpSouth worth $10,153,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pacad Investment Ltd. increased its holdings in BancorpSouth by 12.0% during the second quarter. Pacad Investment Ltd. now owns 8,400 shares of the bank’s stock worth $256,000 after buying an additional 900 shares during the last quarter. Principal Financial Group Inc. increased its holdings in BancorpSouth by 1.6% during the second quarter. Principal Financial Group Inc. now owns 350,431 shares of the bank’s stock worth $10,688,000 after buying an additional 5,653 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BancorpSouth by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after buying an additional 316 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in BancorpSouth by 22.5% during the second quarter. Great Lakes Advisors LLC now owns 60,316 shares of the bank’s stock worth $1,840,000 after buying an additional 11,074 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in BancorpSouth by 128.0% during the second quarter. Virginia Retirement Systems ET AL now owns 78,900 shares of the bank’s stock worth $2,406,000 after buying an additional 44,300 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

A number of analysts recently issued reports on BXS shares. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, August 2nd. BidaskClub lowered shares of BancorpSouth from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a research report on Friday, August 11th. Finally, Stephens set a $35.00 target price on shares of BancorpSouth and gave the stock a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. BancorpSouth has an average rating of “Hold” and an average price target of $32.67.

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BancorpSouth, Inc. (NYSE:BXS) opened at 28.15 on Friday. The firm’s 50-day moving average is $29.36 and its 200-day moving average is $30.07. BancorpSouth, Inc. has a 12 month low of $22.23 and a 12 month high of $32.40. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 17.33 and a beta of 1.40.

BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The firm had revenue of $185.61 million during the quarter, compared to analyst estimates of $187.78 million. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, analysts anticipate that BancorpSouth, Inc. will post $1.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.99%. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is presently 30.86%.

BancorpSouth Company Profile

BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.

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Institutional Ownership by Quarter for BancorpSouth (NYSE:BXS)

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